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About This Webinar
This course provides a comprehensive review of the federal tax rules governing partnership liquidations and final compliance. Participants will examine the tax treatment of liquidating distributions, partner outside basis, tax capital accounts, hot assets under IRC §751, debt allocations, and the reporting requirements associated with a final Form 1065. The course also addresses the practical steps required to close payroll accounts, satisfy federal and state filing obligations, and properly document the dissolution of a partnership.
Agenda
  • Determine the tax treatment of liquidating distributions to partners
  • Track partner outside basis and reconcile it with tax capital accounts
  • Identify hot assets under IRC §751 and understand how they affect reporting
  • Apply debt allocation rules as a partnership winds down
  • Complete the reporting requirements associated with a final Form 1065, including closing payroll accounts and documenting the dissolution
Presenter
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LuSundra Everett, EA
LuSundra Everett, EA is the founder of the ETS Tax Institute.

LuSundra is passionate about educating tax professionals about tax law in an easily digestible manner. LuSundra is a huge proponent of tax education and offers training to other Tax Professionals to help them stay on the cutting edge of tax law and new developments.

Join the ETS Tax Institute Community here: https://etstaxinstitute.thinkific.com/
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